Good morning.
A woman who could not look up for eighteen years is straightened with a word, and the man in charge of the building is angry about the day of the week. Monday belongs to Saint Joseph, a just man who read the law the other way.
Monday of the Thirtieth Week in Ordinary Time
Gospel: "And he was teaching in their synagogue on their sabbath. And behold there was a woman, who had a spirit of infirmity eighteen years: and she was bowed together, neither could she look upwards at all. Whom when Jesus saw, he called her unto him, and said to her: Woman, thou art delivered from thy infirmity. And he laid his hands upon her, and immediately she was made straight, and glorified God. And the ruler of the synagogue (being angry that Jesus had healed on the sabbath) answering, said to the multitude: Six days there are wherein you ought to work. In them therefore come, and be healed; and not on the sabbath day. And the Lord answering him, said: Ye hypocrites, doth not every one of you, on the sabbath day, loose his ox or his ass from the manger, and lead them to water? And ought not this daughter of Abraham, whom Satan hath bound, lo, these eighteen years, be loosed from this bond on the sabbath day? And when he said these things, all his adversaries were ashamed: and all the people rejoiced for all the things that were gloriously done by him." — Luke 13:10-17
The Latin of the healing word is Mulier, dimissa es ab infirmitate tua.
The first reading is about how to live with one another. Ephesians 4:32 and 5:1-2: "And be ye kind one to another; merciful, forgiving one another, even as God hath forgiven you in Christ. Be ye therefore followers of God, as most dear children; And walk in love, as Christ also hath loved us."
In the Catena Aurea, Basil says why her posture mattered: "the head of the brutes is bent down towards the ground and looks upon the earth, but the head of man was made erect towards the heaven." Cyril hears the authority in the healing: "A word most suitable to God, full of heavenly majesty; for by His royal assent He dispels the disease." And Chrysostom names the ruler's real trouble: "For it troubles him not that the Sabbath is broken, but that Christ is glorified."
The full readings are on USCCB.org.
bible.usccb.org/bible/readings/102626.cfm →
Matthew calls Joseph "a just man." The Douay-Rheims gives the scene: "Whereupon Joseph her husband, being a just man, and not willing publicly to expose her, was minded to put her away privately." (Matthew 1:19)
Pope Francis, in Patris Corde (section 1), says what that word meant: "He was a 'just man' (Mt 1:19), ever ready to carry out God's will as revealed to him in the Law." In section 4 he says how Joseph held the law: "The nobility of Joseph's heart is such that what he learned from the law he made dependent on charity." And what it led him to do: "he makes a decision to protect Mary's good name, her dignity and her life."
The ruler of the synagogue knew the Sabbath rule and kept it. Joseph knew the same law, and his reading of it ended in a woman's good name being protected. Matthew records no word of his on the matter, only the decision.
The Catechism (2173) says how Christ read the Sabbath: "The Gospel reports many incidents when Jesus was accused of violating the sabbath law. But Jesus never fails to respect the holiness of this day." It continues: "With compassion, Christ declares the sabbath for doing good rather than harm, for saving life rather than killing."
Friday's close: SPY $759.83, −0.6% · Nasdaq 100 −0.1% · Russell 2000 −0.3% · tape BULL, regime correction · new longs still paused by the two-loss warning
Stocks are closed on Sunday, so the last close is Friday's. The S&P 500 fund gapped down 0.5% at the open, to $759.88, touched a low of $758.68, and closed at $759.83, down 0.6%, after a high of $763.44. That is 2.5% below the six-month closing high of $779.10 set October 6. The Nasdaq 100 fund opened 0.3% lower and closed at $704.21, down 0.1%. The Russell 2000 fund fell 0.3% and the equal-weight S&P 500 fund 0.8%. Only three of the eleven sector funds rose: energy led at +2.6%, technology gained 0.5%, and real estate 0.1%. Consumer staples were the weakest at −1.9%, then communication services at −1.8% and consumer discretionary at −1.7%.
The two-loss warning is still on: the system takes no new long until SPY closes above $779.37, and Friday's close was $19.54 short of it, 2.5% below. The tape turns, and the system sells every long, only on a SPY close below $629.29; Friday's close is 21% above that line. By our own count, 6 of the last 25 sessions are distribution days for the S&P 500 fund and 8 for the Nasdaq 100 fund. The scanner's list holds twenty-eight names at or near their 52-week pivots, and none triggered.
The house account holds no stock positions. The seven puts cost $18,426 and were worth $25,024 on Alpaca's marks, up 35.8%. The account closed Friday at $998,041, and the idle-cash sleeve is in commodities (DBC) and short-term Treasuries (SHY).
What is in store this week.
The Federal Reserve. The Federal Open Market Committee meets Tuesday and Wednesday, October 27-28. Its calendar marks this meeting without a Summary of Economic Projections.
The economy. On Thursday, October 29, at 8:30 AM ET, the Bureau of Economic Analysis publishes the advance estimate of third-quarter gross domestic product and the September report on personal income and outlays. The Employment Cost Index for the third quarter follows on Friday, October 30, at 8:30 AM ET. The Bureau of Labor Statistics also publishes Metropolitan Area Employment and Unemployment on Wednesday at 10:00 AM ET. The next jobs report is Friday, November 6, and the October Consumer Price Index is Tuesday, November 10.
Earnings. Dates and times below are from Nasdaq's earnings calendar unless a company's own notice is named.
→ Tuesday, Oct 27: Coca-Cola, Boeing and Corning before the open; Visa and Seagate after the close
→ Wednesday, Oct 28: Microsoft after the close (its own notice; webcast 2:30 PM PT), Alphabet after the close (Nasdaq's date; we found no notice from the company), ServiceNow and KLA after the close
→ Thursday, Oct 29: Eli Lilly, Mastercard and Caterpillar before the open; Amazon after the close (its own notice; call 5:00 PM ET), Intel and Sandisk after the close
→ Friday, Oct 30: Exxon Mobil, Chevron and AbbVie before the open
Meta reported on October 21. Apple reports Monday, November 2. None of the companies behind the account's seven puts (Nvidia, Oracle, Palantir, CoreWeave) is on this week's calendar.
The levels do not change: SPY above $779.37 lifts the warning, and SPY below $629.29 turns the tape.
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The week ahead, per the USCCB daily readings calendar for the United States:
Holy Mary, Mother of God, pray for us.
In Christ,
Jonathan Simmons
Enoch Capital LLC
Catholic Daily goes out Monday through Saturday.
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